行 业 定 期 报 告 生猪养殖：（1）10 月销售简报：猪企出栏增量、均价下跌。出栏方 面，10月17家猪企合计出栏生猪1732.42万头，环比+22.51%，同比+29.29%。 均价方面，10 月行业供给压力较大，猪价大幅下跌。上市猪企销售均价同 步下降，10 月 13 家猪企生猪销售均价为 11.66 元/公斤，环比-11.12%，同 比-33.94%。（2）上周行情：上周猪价震荡偏弱运行。周初降温消费好转， 叠加散户惜售情绪增强，推动价格反弹；周中养殖端出栏节奏开始加快， 导致猪价由涨转跌。11 月 14 日猪价 11.66 元/公斤，周环比-0.19 元/公斤。 上周出栏均重继续回升。集团场月初缩量后于周内恢复正常出栏节奏，叠 加气温下降促进猪只日增重提升，出栏均重回升；肥标价差相对高位情况 下，散养户及二育户出栏大体重猪为主。11 月 13 日当周生猪出栏均重 128.48kg，周环比+0.18kg。展望后市，近期养殖已陷入亏损状态，叠加产 能调控政策推进，行业产能去化预期增强，有望推动长期猪价中枢上移， 低成本 优质猪企将获 得超额收益。10 月涌益 /钢联/卓创能 繁环比 -0.77%/+0 ...

证券之星消息，11月17日养殖业板块较上一交易日下跌1.81%，立华股份领跌。当日上证指数报收于 3972.03，下跌0.46%。深证成指报收于13202.0，下跌0.11%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 600965 | 福成股份 | 5.89 | 2.43% | 21.05万 | | 1.23亿 | | 000735 | 罗牛山 | 8.58 | 1.54% | 74.14万 | | 6.30亿 | | 002124 | 天邦食品 | 2.90 | 1.05% | 51.98万 | | 1.50亿 | | 300313 | *ST天山 | 9.60 | 0.84% | 6.40万 | | 6101.61万 | | 603717 | 天域生物 | 9.93 | 0.61% | 10.78万 | | 1.06亿 | | 600975 | 新五丰 | 6.40 | 0.31% | 16.46万 | | 1.05亿 | | 603477 ...

Market Overview - On November 17, major A-share indices collectively declined, with the Shanghai Composite Index falling by 0.46% to 3972 points, the Shenzhen Component Index down by 0.11%, and the ChiNext Index decreasing by 0.2% [1][2] - The trading volume in the Shanghai and Shenzhen markets was 1.91 trillion yuan, a decrease of 47.3 billion yuan compared to the previous trading day [1] Sector Performance - The military equipment and military information sectors saw significant gains, with Zhongfu Information hitting the daily limit up of 20% [4] - The Fujian and free trade zone sectors experienced a surge, with multiple stocks including Hongxiang Co., Zhongfutong, and Haixia Innovation also reaching the daily limit up of 20% [6] - The lithium carbonate futures contract hit the daily limit up, boosting the salt lake lithium extraction sector, with Shengxin Lithium Energy and Jinyuan Co. also reaching the daily limit up [8] - The aquaculture sector was active, with stocks like Zhongshui Fishery and Kaichuang International hitting the daily limit up [12] - AI application concepts were prominent, with stocks like BlueFocus and Jiechuang Intelligent seeing significant increases [10] Notable Stocks - Zhongfu Information rose by 20% to 17.82 yuan, while Beifang Changlong increased by 19.57% to 175.77 yuan [5] - Hongxiang Co. and Zhongfutong both saw a 20% increase, reaching 8.69 yuan and 22.54 yuan respectively [7] - Shengxin Lithium Energy increased by 10.01% to 35.93 yuan, while Jinyuan Co. rose by 9.98% to 6.28 yuan [9] Declining Sectors - The precious metals sector declined, with stocks like Zhaojin Gold and Hunan Silver dropping over 3% [14] - The pharmaceutical sector experienced a downturn, with stocks such as Kexing Pharmaceutical and Shutaishen falling over 7% [16] Market Sentiment - Recent geopolitical tensions, including remarks from Japanese Prime Minister Fumio Kishida and military exercises in the Yellow Sea, have heightened uncertainty in the market [4][12] - The U.S. government shutdown resolution has reduced the short-term appeal of gold as a safe-haven asset, contributing to the decline in precious metals [14]

Core Viewpoint - The aquaculture sector is experiencing active bidding, with several stocks reaching their daily limit up, indicating strong investor interest and potential growth in the industry [1] Group 1: Stock Performance - Major stocks such as Dahu Co., Zhongshui Fisheries, Kaichuang International, Tianma Technology, Dongfang Ocean, and Haodangjia have all hit the daily limit up during the active bidding session [1]

A股开盘，三大指数集体低开，沪指低开0.05%。深证成指低开0.12%，创业板指低开0.46%。盘面上， 军工装备、养殖业板块涨幅居前，黄金、工业金属、油气板块低开。 ...

Core Insights - Economic and financial data show marginal weakening, with internal policy support expectations rising, but the probability of new incremental policies being introduced near year-end is low, leading to continued high-level fluctuations in the market [3][4] - The AI industry adjustment provides better layout opportunities, while sectors with earnings support such as energy storage/batteries, military industry, storage, and engineering machinery should also be emphasized [3][6] Market Perspective - October macroeconomic data continues to show marginal slowdown, with investment declining rapidly and consumption growth remaining low. The GDP growth rate for October is estimated at around 4.6%, which is a marginal decline from the second quarter [4][13] - The third-quarter monetary policy execution report indicates an increased probability of monetary policy easing to support the economy, with a shift in focus towards interest rates rather than quantity [5][22] Industry Allocation - The market has entered a high-level fluctuation phase since early October, with significant increases in industry rotation intensity. Consumption sectors have shown strong performance recently, while resource sectors led the previous week [6][29] - Low valuation and stagnant sectors such as non-banking, food and beverage, agriculture, public utilities, and home appliances are expected to see short-term rebound opportunities [6][30] Financial Data Analysis - Fixed asset investment in October showed a cumulative year-on-year decline of 1.7%, with manufacturing investment growth at 2.7%, and real estate investment down by 14.7% [16][19] - The real estate sector continues to show a downward trend, with property investment in October down 23% year-on-year, indicating significant cash flow pressure on real estate companies [19][20] Future Outlook - The AI industry remains a key focus for investment, with specific attention on computing power and application sectors. The third-quarter reports continue to validate the relative performance advantages of growth styles [38][40] - Sectors with strong earnings support, including energy storage, military, storage, and engineering machinery, are also highlighted as promising areas for investment [40]

Group 1 - The training program for high-quality development of family farms in Guangdong focuses on building brands, expanding channels, and integrating e-commerce and cultural tourism [3][5][6] - The program aims to reshape the production and management mindset of family farms, providing them with the necessary skills to thrive in the market [4][6] Group 2 - The promotional event for "Wanlv Heyuan Tea Oil" in Shenzhen highlighted the launch of new deep-processing products and established partnerships for brand promotion [8][10][11] - The event signifies the beginning of a new journey for Heyuan tea oil as it seeks to penetrate the Greater Bay Area market [12] Group 3 - The fifth China Xinjiang Specialty Fruit and Nut Products Expo in Guangzhou showcased over 850 products, attracting 306 companies and promoting the "Xinjiang products southward" initiative [14][15][17] - The event aims to strengthen cooperation between Guangdong and Xinjiang, enhancing the visibility of Xinjiang's agricultural products [16][17] Group 4 - A training session on new material packaging for preserving Lianzhou vegetable heart was conducted, sharing the latest advancements in packaging technology [20][22] - The training aims to enhance the preservation efficiency of Lianzhou vegetable heart, reducing losses in the supply chain [21][22] Group 5 - The national grain and oil industry expo in Changsha featured high-quality products from Qingyuan, including specialty rice and soybeans, attracting significant interest from buyers [30][32][34] - The expo emphasizes the importance of high-quality development in the grain and oil sector, aligning with national agricultural goals [32][33] Group 6 - The promotion of "Chinese native chicken" at the 15th National Games in Yunfu showcased local agricultural products, enhancing the region's visibility and economic potential [37][39][41] - The event highlighted the integration of sports and local cuisine, promoting the "Eat in Guangdong" experience [40][41] Group 7 - The direct supply of fresh peppers from Tianyang to the Greater Bay Area demonstrates the efficiency of the supply chain and the collaboration between Guangdong and Guangxi [44][48] - This initiative aims to streamline the distribution process, ensuring fresh produce reaches consumers quickly [46][48] Group 8 - The "order class" training program in Tianyang addresses employment challenges by providing skills training that leads to immediate job placements [50][52] - This initiative reflects the efforts to enhance local employment opportunities through targeted training programs [51][52] Group 9 - A strong cold air mass is expected to impact Guangdong from November 17, leading to significant temperature drops across the region [54][56][58] - The forecast indicates a temperature decrease of 6-10 degrees Celsius, with potential rain and strong winds [56][59]

主线，通过精准 施策、多方谋 划、科技兴农、 金融施血等措 施，推动养殖业 与种植业的紧密 结合，形成齐头 吴川兰石镇乡村 振兴帮扶工作 队：金融帮扶显 成效，绘就富民 兴村新图景_南 方+_南方plus 由湛江市民政局 牵头的驻吴川兰 石镇乡村振兴工 作队（下称"工 作队"），始终 坚持以产业兴旺 带动群众致富为 并进，产能互补 的发展趋势。其 中，金融帮扶措 施尤为突出，期 间共发放惠农贷 款1080万，为急 需资金的农户提 供帮扶，解决后 顾之忧。 2025兰石镇工作队金融下乡"三农讲堂" 惠农贷款投放， 创新联农带农长 效机制 工作队深知，资 金短缺是制约农 户发展的关键瓶 颈。为此，工作 队将惠农信贷服 务作为重点工作 推进，组织队员 深入田间地头摸 排需求。自2023 年8月以来，工 作队精准对接43 户农户和养殖 户，在农行金融 助理王彦超的具 体实施下，依托 农行惠农政策累 计发放信用贷款 1080万元。这些 资金定向用于支 持农户扩大种养 规模、更新生产 设备，让昔 日"想发展却缺 本钱"的农户甩 开包袱，推动当 地特色种养产业 从零散化向规模 化升级。 针对农户单打独 斗、抗风险能力 弱的 ...

证券之星消息，11月14日养殖业板块较上一交易日下跌1.04%，立华股份领跌。当日上证指数报收于 3990.49，下跌0.97%。深证成指报收于13216.03，下跌1.93%。养殖业板块个股涨跌见下表： 从资金流向上来看，当日养殖业板块主力资金净流出2.3亿元，游资资金净流入1.4亿元，散户资金净流入 9079.05万元。养殖业板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 301116 | 益客食品 | | 1134.56万 | 9.18% | -850.36万 | -6.88% | -284.20万 | -2.30% | | 000735 | 罗牛山 | | 378.00万 | 0.56% | 849.12万 | 1.26% | -1227.11万 | -1.82% | | 002321 | 华英农业 | | 311.98万 | 1.43% | -342.27万 | -1 ...

Core Insights - The aquaculture sector experienced a rise of 0.62% on November 13, with Huaying Agriculture leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Aquaculture Sector Performance - Huaying Agriculture (002321) closed at 3.23, with a gain of 3.86% and a trading volume of 856,300 shares, amounting to a transaction value of 272 million [1] - Other notable performers included: - Yike Food (301116) at 11.78, up 2.08% [1] - Lihua Co. (300761) at 21.83, up 1.87% [1] - Tianyu Biological (603717) at 9.80, up 1.34% [1] - Fucheng Co. (600965) at 5.76, up 1.05% [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 161 million from institutional investors, while retail investors experienced a net outflow of 25.91 million [2][3] - Key stocks with significant capital flow included: - Muyuan Foods (002714) with a net inflow of 97.67 million from institutional investors [3] - Wens Foodstuff Group (300498) with a net inflow of 35.87 million [3] - Tianyu Biological (603717) with a net inflow of 22.67 million [3]